CEO Transition Process™
Chief Executive Officers (CEOs) are the linchpins of modern organizations, wielding immense influence over their companies, stakeholders, and often entire industries
Their decisions shape the fortunes of employees, shareholders, and communities alike. In the United States, CEOs command substantial compensation packages, with average total cash compensation exceeding $1 million annually
Despite their crucial role, CEO tenure has significantly decreased over the past decade. Today, the average CEO serves for just five years, compared to ten years a decade ago.
This shortened tenure amplifies the importance of effective CEO transitions, as the cost of replacing a chief executive can soar into tens of millions of dollars, impacting search expenses, talent retention, productivity, and stock value.
The Henman CEO Transition Process™ offers a comprehensive approach to ensure seamless leadership changes:
- Strategic and cultural assessment
- CEO-culture fit evaluation
- Transition messaging
- Facilitation of mentorship from outgoing CEO
- Clear delineation of authority
- Board expectation and performance criteria clarification
- Identification of critical relationships
- Change initiative execution
This process serves as an insurance policy for CEO success, addressing the heightened stakes of modern leadership transitions
Ten years ago, the average CEO’s tenure was twice as long as it is today. The stakes were high then; they’re even higher now. Use The Henman CEO Transition Process ™ as your insurance policy that the CEO will succeed.
